Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
17 August, 2022 16:24 IST
Indiabulls Real Estate raises Rs 750 mn through NCDs
Source: IRIS | 25 Nov, 2021, 11.13AM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 Indiabulls Real Estate, one of the largest real estate companies in India, has raised Rs 750 million through Secured Redeemable Non-Convertible Debentures (NCDs) on Private Placement basis on November 23, 2021 at coupon rate 10.50% p.a. The said NCDs maturity date will be November 23, 2022.

"To be secured by First charge by way of mortgage over immovable assets of its subsidiaries/SPVs, in favour of the Debenture Trustee, with a minimum  security cover of 1.25x times on the outstanding amount of the Debentures," the company said.

Shares of the company gained Rs 1.20, or 0.68%, to trade at  Rs 177.60. The total volume of shares traded  was 136,560 at the BSE (9.25 a.m., Thursday). The scrip has touched an intraday high of Rs 178.25 and 174.60.

 Post Comment
Name Email
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer